BUS 321 INTERMEDIATE ACCOUNTING
MW 8-10 & 10-12
Tad Miller
room 319
756-2831
office hrs
MW 1:00- 3:00
room 03-209
Winter 2016
cmiller@calpoly.edu
http://clubs.cob.calpoly.edu/~cmiller/
1.Catalog Description Comprehensive coverage of financial reporting issues. BUS 321 covers financial
statements, assets other than investments and intangibles, and liabilities. Prerequisite; BUS 214; BUS 319
Text
Intermediate Accounting, eighth ed. Spiceland, Sepe, Nelson
2. Grading Exams must be taken with the class on the scheduled day. I do not give make-up exams or quizzes.
If you must miss a quiz or exam, you must notify ME prior to the exam. If the reason is acceptable to me then I
will re-weight your other quiz and exam scores. They may be announced to encourage preparation.
Actg Cycle Project Due
Quiz (1-3)
Quix (4-5)
Exam (10-11)
Exam (7 & 8A)
Fri
Wed
Wed
TUES
Mon
Jan 8
Jan 13
Jan 27
Feb 16
Feb 29
Final exam 8:00-10:00 class
Final exam 10:00-12:00 class
Total Pts
Fri
Mar 18
Wed Mar 16
.
25
40
40
100
100
6
6
6
6
75
. 6
380
410
A
B
C
D
+ 87.0
+ 77.0
93.0
83.0
73.0
60.0
(-) 90.0
(-) 80.0
(-) 70.0
3. Attendance The Cal Poly catalog states "Students are expected to be regular in class attendance to keep the
quality and quantity of work high. Absence from classes is regarded as serious, and work missed is not excused.
4. Preparation You need to learn much of the material from the textbook, before class. Lectures will assume
you have read the material and worked homework problems prior to class. Lectures should be difficult to
follow if you are not prepared. Class time will be used to explain concepts and help with material you found
difficult to learn on your own. This requires you to identify areas where you need help, prior to class, and ask
for help in class. On the syllabus (q) indicates questions, (be) basic exercises, (e) exercises and (p) problems
from the end of the chapter. A copy of the solutions manual will be available on PolyLearn
5. Study Groups are very helpful. I strongly encourage you to study in a group.
6. Final Exam Final exams will be given at the scheduled time. Please do not make any arrangements that
will conflict with the university’s final exam schedule.
Financial Statements are our product - make sure you are very familiar with the Financial Statements
Illustrative Income Statements p. 173
Illustrative Balance Sheet
p. 114
State of Cash Flows p. 200/201
http://connect.mheducation.com/class/t-miller-bus-321-2162
It is recommended that you use your Cal Poly email to register to Connect
date chapter
1/4
1/6
1/8
1/11
1/13
1B
pages
20
topic
Conceptual Framework
emphasize the elements
assign accounting cycle project
2
50 - 85
Review of the Actg Process
actg cycle
adjust jnl entries
financial statements
Actg Cycle Project Due
app 2B 88
90
Reversing Entries
app 2C 90
92
Sub Ledgers & Special Journals
3A
112 - 124
Balance Sheet
3C
132 - 138
ratios (risk analysis)
3B
124
132
Disclosures
Quiz over chapters 1-3
8th edition
- 34
e1, E2, E3, p1, p2
e8, E9, P2, p8
E12, p6
e21, e22
e24, e25
e3, e5, E6, p3, p4, p5
E8, E17
e11, E12
1/18 Holiday
1/20
4
170 - 179
179 - end
1/25
5 A&B
230 - 255
1/27
5 C&D
256 - end
Income State up to Restructuring
multi-step inc state
discontinued operations
change in act princ / estimates
comprehensive income
Statement of Cash Flows
Revenue recognition
multiple performance obligations
L-T contracts
ratios
Q4, E2, E3
be4-8, E6
Q11
Q13, be9, E4,
be10, e12, E13, E20
Q1, Q8, Q12, BE4, BE11, be23, E2
E3, E6, E10, e15, P2, P6.
P10 E17, E19, p10
e25, P14
Quiz over chapters 4-5
2/1
2/3
10 A
10 B
-
11 A
586 - 606
606 - 622
548
Property, Plant & Equipment - acquisition
E1, E2, E3, P3(d), E8, BE2, BE3, E6
Disposition and Exchanges
P6, P7, p8B-3
2/8
11
11 c
600
604
622 - 625
Depreciation
Additional Issues
change in estimate
error
impairment
goodwill
Natural Resources / Intangible
Subsequent Expenditures
2/10
10 C
549 - 554
554
560
Self-Constructed Assets
R&D and software
11 B
(11) be2, be3, e1, e2, E3
(10) E25, E26, E27, P9, p10
(10) E6, E28, E29, P11, E33 E34
(11) E19-1
(11) be9, E22
(11) E23, E24
(11) e16, e26, E27, E28, E29
(11) E13, (11) E14, (11) P7, (10) E35, (10) P4
(11) E32, (11) P4
2/15 Holiday This class will meet tomorrow on Tuesday 2/16
Test over chapters 10 - 11
2/16
2/17
7A
-
app 7A
2/22
7B
2/24
8A
2/29
3/2
3/7
3/9
424 - 449
Cash
Bank Reconciliation
Accounts Receivable -bad debt exp
accruing sales returns
Notes Receivable
Financing with Receivables
Receivables Management (ratios)
E2
E30, P13, P14, handout
E5, E6/7, P1, P4
E8
E14, E15
E18, E19, p8, E20, E22, p11
E25
Inventory
BE3, E6, e8, P2, E3, E4
be 4/5, E 9/10, e11, P1
be6, e15, e16, P5, P7, E22
Test over chapters 7 and 8A
9A
478 - 483 A Lower of Cost or Market (LoCM)
E1, E2, E3, P1, P2
9B
484
E5, E7, E8, P3
485 B Gross Profit Method
8B
450 - 454
Simplifying LIFO ($ value LIFO)
8
9B
483 - 494
Inventory Estimation Techniques
9B
486
9 e9, E10
9 be5, e10
retail method -- average cost
Conventional Retail -- low Cost-NVR 9
LIFO Retail
9
9D
9C
3/16 FINAL
3/18 FINAL
494
497 - 503
494 - 497
Changes & Errors
Dollar-Value LIFO retail IF TIME
10:00 on Wed. 321-02 (the 10:00-12:00 class)
7:00 am on Fri.
321-01 (the 8:00-10:00 class)
go over e1 & e2 quickly e3 in depth E6 Goodwill
be13, E23, E24, P14
be8, E11 E14, P4
be6, E12, P5
9 E21, P12 E22, E23, E25, P13
These assignments are from prior editions